---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-104199"
form_type: "8-K"
ticker: "UPBD"
cik: "0000933036"
company_name: "UPBOUND GROUP, INC."
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:53:13.197262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Rent-A-Center lowers Q3 guidance; appoints new CFO from Santander

## Summary
- Maureen Short departed as EVP-CFO on Sept 28; Fahmi Karam named successor effective Oct 31.
- Karam, former Santander Consumer USA CFO, will receive $1M base salary, $2.5M LTIP award, $1M sign-on bonus, and $2M in RSUs.
- Q3 2022 revenue guidance cut to $1.000-$1.020B from $1.000-$1.055B.
- Adjusted EBITDA (excl. SBC) guidance lowered to $110-$120M vs prior $125-$142M.
- Non-GAAP diluted EPS guidance reduced to $0.85-$0.95 from $1.05-$1.25.

## SEC filing metadata
- accession: 0001104659-22-104199
- form_type: 8-K
- ticker: UPBD
- cik: 0000933036
- company_name: UPBOUND GROUP, INC.
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/0001104659-22-104199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/tm2226903d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-104199
- JSON: https://secwatch.observer/filing/0001104659-22-104199.json
- Plain text: https://secwatch.observer/filing/0001104659-22-104199.txt

## Key facts
- Executive change
  Fahmi Karam was appointed as Executive Vice President - Chief Financial Officer at UPBOUND GROUP, INC..
  - Action: appointed
  - Role: Executive Vice President - Chief Financial Officer
  source text: On September 29, 2022, the Company announced that Mr. Fahmi Karam will join the Company as its Executive Vice President - Chief Financial Officer effective October 31, 2022 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/0001104659-22-104199-index.htm
- Executive change
  Maureen Short departed as Executive Vice President - Chief Financial Officer at UPBOUND GROUP, INC..
  - Action: departed
  - Role: Executive Vice President - Chief Financial Officer
  source text: On September 28, 2022, Ms. Maureen Short, Executive Vice President - Chief Financial Officer of Rent-A-Center, Inc. (the “Company”) departed the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/0001104659-22-104199-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.